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and her role in the obama white house. i met rachel at an event this year where i bought a book, the book she wrote, "american tapestry: the story of the black, white, and multiracial ancestors of michelle obama". after hearing her talk, i'd bought six more copies. i bought them for all my family members and to give out as christmas gifts. now after having read her book i can tell you it was a good investment. it helps me better understand my own family and many mysteries surrounding my own family. rachel l. swams's book is a compelling story that stirs deep emotions. it is also a story that would break them here and with that, let's welcome rachel l. swams. [applause] >> thank you. thank you. >> thank you for coming. in the years leading up to the presidential election, the focus seems to be on barack obama's roots and his family and the fact that he wrote his own biography. now in your book "american tapestry," you put the focus on michele obama. tell us about how you got started doing that and what inspired you. >> i was writing about the first lady and the first family for the new yor
avenue. >>> and ask mrs. obama. first graders with a very special connection to the white house tree ask their questions of the first lady. >> do they give each other presents? >>> from the global resources of abc news, with terry moran, cynthia mcfadden, and bill weir in new york city, this is "nightline," december 26th, 2012. >>> good evening, i'm terry moran. for a holiday, this has been a busy time in washington. as the negotiations surrounding that looming fiscal cliff come to a fever pitch just before the new year. but this is also a time of tradition and celebration in the nation's capital, and nobody decks the halls like the team at the white house for christmas. christmas is there, has come to mean a special visit every year, not just from santa claus, but from abc's own barbara walters. barbara? >> terry, in what has become one of my favorite holiday traditions for the fourth year, i had the privilege of interviewing the president and mrs. obama at the white house. this interview was taped days before the tragic shooting in connecticut and was postponed until now. it was the fi
and mrs. obama at the white house. this interview was taped days before the tragic shooting in connecticut and was postponed until now. it was the first time the couple sat down together since winning re-election. mrs. obama also took me on a personal tour of what is called the people's house. and it's never more true than during the christmas season. after thanksgiving, more than 80 volunteers from nearly 40 states descend on the white house, trimming 54 trees, plus every nook and cranny. first dog bo is the star of the show. there he is inspecting the decorations, including this larger than life model of himself, made of 20,000 pompoms. my friend. >> yes, bo. he's really big in relation to this house. >> this 300-pound ginger bread white house was the first stop on my exclusive behind-the-scenes tour with first lady michelle obama. these are various rooms in the actual white house. >> absolutely. and the details in these rooms are just beyond this year. >> why peer into these windows when i can see the real thing? >> come on, bo. >> does he follow you around all day? next stop, the red r
," family life inside the obama white house. the inside scoop you're only going to get from a barbara walters exclusive. >>> cracking down on moving companies that want to take you for a ride. we'll show you how customers are taking action. you're watching "world news now." ♪ you know why we were showing footage of the white house. president obama is heading back to the white house, cutting his hawaiian vacation short to be in washington where priority number one is avoiding the fiscal cliff. >> unless mr. obama and congress can reach a new deal by the new year, deep spending cuts will be taking effect. and while the president takes his flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my dau
in the news media repeated this white house talking point. >> president obama cutting short his vacation in hawaii, heading back now to washington. that will happen tonight to work on the fiscal cliff deal. >> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. >> president obama is cutting short his christmas vacation. he is leaving hawaii tonight so that he can be back in washington when congress reconvenes tomorrow. >> laura: so we should believe that by leaving his island enclave that the president was making some big sacrifice for the country? i'm thinking washington, crossing the delaware on a bitter christmas night 1776 before going on to defeat the british in two major battles, that's sacrifice. i, for one, never understood how in good conscious any of these politicians would think about leaving town with so much riding on this cliff hanger? shouldn't they get their work done before they leave town for a break? that's what's expected for most working americans but then again washington politicians have rules of their own. people whose salaries
in style. he was aboard air force one as president obama returned to the white house. what a welcome. he will serve in the senate until the election is held in 2014. and the president is returning to washington as the treasury secretary warns the country is not in a good place when it comes to the national debt. timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but kicking the can down the road, this has been happening over and over again. somebody has to make
amateur". he looks critically at president obama before and after he reached the white house. here is what he had to say. >> the book currently on your screen has spent several weeks on the new york times best-seller list, many weeks at number one. "the amateur" has been written by edward klein who is our guest, booktv on c-span2. where did you get a title for this book? >> guest: it came from a meeting bill clinton had in chapel:00, new york, north of new york city where he has a home. this was back in august of 2011. his wife, his daughter and a bunch of friends to meet with him because he had news. he had done a secret poll in 2011 and polls showed if hillary clinton would challenge barack obama for the democratic presidential nomination in 2012, he thought she could win. she was surprised by all this. she said what can i do? secretary of state, i have lunch with the man every thursday. what about loyalty? he said there is no such word as loyalty in politics. he went on to say the people around obama did not understand how the real world works, that they had been responsible for losing
. >> reporter: top congressional leaders are expected to meet with president obama at the white house friday. this would be the group's first face to face meeting since november 16th and a last minute chance to avoid the so-called fiscal cliff. if no deal is reached taxes will go up for nearly every american and harsh spending cuts will kick in on january 1st. senators reconvened on thursday with tension spilling over on to the floor. >> speaker boehner is unwilling to negotiate. there's nothing happening. >> the phone never rang and so now here we are five days from the new year and we might finally start talking. >> reporter: senate majority lyddite harry reid skewered house speaker john boehner, charging he's more interested in his leadership position than in bipartisan legislation. >> the speaker's number one goal is to get elected speaker on january 3rd. >> reporter: the two sides are at odds over tax cuts and spending. republicans say it's up to the democraticly controlled stat and white house to reach an agreement. >> republicans aren't about to write a blank check or anything senate
with president barack obama at the white house this afternoon where they heard that if two sides do not agree on a bill the president will urge the democratic senate to put forth a measure anyway. american people will not have any patients for a politically self-inflicted wound to the economy. the economy is growing but sustaining that trend is gong to require a elected officials to do their jobs. mitch mcconnell and his democratic counterpart harry reid are supposed to keep talking tomorrow there could be a breakthrough by the end of this weekend but the president has repeatedly demanded for the extension of tax cuts below $250,000. illinois comptroller judy thinks that the impact on illinois could be as high as $1 billion if lawmakers don't strike a deal before the deadline. social security and income tax increases would lower the state's revenue by up to 5 billion. this is all coming down the pipe because we have yahoos in congress who can't sit down and to do the job. pessimism helped push stocks down friday for a fifth straight day the industrial average dropped 158 points. paul lisnek s
to the white house. >> opera had tried to ignore the ominous change in tone coming from the obama transition team as barack obama is it not gration drew near oprah's calls to michelle went and returned. instead oprah heard from max devlin that newly appointed white house ceremonies coordinator who told oprah that she needed to talk to him first about the interview. once more he said overhead to run her interview questions past stevens, a deputy speechwriter from prior approval. it was a pain as far as oprah was concerned and a high-ranking executive at harpo studios ,-com,-com ma oprah isn't a snob but doesn't like to put up with it. >> as a result of her role during the democratic primary, which played a pivotal, pivotal role in helping obama get the nomination and wresting it away from hillary clinton, that she was going to be an important adviser to barack obama and in fact after he was elected president, oprah and obama spoke of some great length about using her to advise him on his communication strategy, especially in terms of television, which he of course knows a lot about. when mich
for political careers speegsly in the campaign for the white house. president obama remained unopposed and was a shoe in. plans for recovery made the 44th president vulnerable. >> the president's policies have clearly not been successful in reigniting the economy putting people back to work. >> his party's nomination was not as easy as former massachusetts governor mitt romney. he declares winner of the iowa caucuses he had to share the win with rick santorum. he went on to win the victory in key primary states becoming the nominee he emerged bruised. >> i don't see how a massachusetts liberal is going to do better. >> he is the worth republican in the country to put up against barack obama. >> romney's campaign saw their roles up and downs and confident and in demand. romney knew he gained with a president's shaky performance. >> it sets the tone and can have the most impact. this is a theory. >> he ultimately won reelection. >> the best is yet to come. >> 2012 also marked a milestone implementation of president owe bhaum's healthcare law. >> in a 5-4 division the individual dmant is
, thanks for all that. rick santelli in chicago. a last-minute effort by the white house. president obama set to meet with congressional leaders today, 3:00 eastern time, in an effort to avert going over the fiscal cliff. with only three days to go, our next guest says it's not falling over the cliff we should be worried about, it's how much the landing is going to hurt. brian mcginnis is the head of the campaign to fix the debt, president of the committee for responsible budget and joins us this morning from washington. maya, good morning. what do you mean by that? what are you trying to say when you talk about the landing hurting the most? >> well, the point is that the fiscal cliff is a deadline and it's an important deadline that's there to help us focus on getting a big debt deal. the sad state of play is that it appears they're not going to be successful in that. they're not going to be able to replace the cliff with a big, comprehensive debt deal that's big enough to help fix the fiscal challenges of the country. but what's even additionally troubling now is that we may actually go
cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i
. as the rhetorical war shifted from the white house to baltalfield, president obama took the rare step of granting an interview to "meet the press" which took place this morning. >> you signed the legislation setting up the legislation 17 months ago. how accountable are you for the fact that washington can't get anything done and we're at this deadline, again? >> i have to tell you, david. if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. >> joining us now to examine the david gregory interview and the coverage of this fiscal cliff showdown. bob cusack manager of "the hill." what does it say about the state of the budgetary wars that president obama chose to go on a sunday talk show. >> he is doing this interview why congress is trying to do it. very critical of congress and i think this interview wasn't exactly combative. he challenged him on it. >> who challenged who? >> david gregory challenged obama on some points but made $1 trillion in cuts, he also vowed to cut the deficit in half in 2009. that has not happened. >> compared david gregory we
pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter barnes believes the president will announce a deal. we will bring you his comments live. it is an early close on the trading day. sandra smith is in the pits where traders are watching every development in washington. she joins us now with today's trade and how commodities are faring. sandra: we just had financial commodities close for the day. the treasury pits just closed minutes ago. it was an interesting close to watch. as you put up the board, treasuries saw their first loss in four trading days. another sign that these markets are predicting some sort of deal to get down by the end of the day. we are not seeing investors slinging. the yield on the ten year was the lowest close on record. certainly a big sign coming from those markets. they closed at the top of the hour. the dow, s&p and nasdaq futures closing here in chicago. just moments away from that. the electronic trading of all of these products will con
holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the senate floor with the speaker of the house. take a listen. >> it's beings operated with a dictatorship of the speaker not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less
with no deal in sight. president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. there's just four days left before the fiscal cliff deadline. >> i have to be very honest, mr. president. i don't know, time-wise, how it can happen now. >> reporter: senate majority leader, harry reid, lashed out at house speaker, john boehner, accusing him of running a dictatorship. >> john boehner seems to care more about his leadership than keeping the country on a secure footing. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner called the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massiv
obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want to extend the bush-era tax cuts to everyone except those americans making $250,000 or more a year. many republicans are against any tax increases. most americans just want something to be done. >> people a
price to pay for it. >> keep it here today. at the white house president obama will meet with with democratic and republican leaders of congress. that's at 3:00 p.m. eastern time. it's their first face-to face fiscal discussions since before thanksgiving. hopes are not high for a deal, but either way, you'll hear the news first here on cnn. >>> there's no doubt about it. eva longoria is one of hollywood's leading ladies, a big star with a big heart for charitable giving, focusing on one very close to her heart. >> i'm being pulled in a million different directions with supporting aids in africa or sex trafficking in thailand or dolphins in japan. and you can't do everything. so in thinking what do i really want to do? >> reporter: to answer that question, you could say eva longoria looked in the mirror. >> i knew i wanted it to be with women and in the latina community. >> reporter: known for playing the vixen on "desperate housewives" longoria had humble beginnings born to mexican-american parents. >> i wasn't the first to go to college. >> it wasn't a walk in the park.
the start of the new year, it's put up or shut up time for congressional leaders. president obama addressed reporters from the white house this evening. roughly an hour after meeting with leaders of the house and senate. >> i still want to get this done. it's the right thing to do for our families, for our businesses, and for our entire economy. but the hour for immediate action is here. it is now. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- what
,000 people signed an online petition on the white house website asking the obama administration to recognize the westboro baptist church as a heat group. the signatures makes it the most supported single petition ever on the white house site. the church is primarily made up of members from one family. >>> parking is about to get a lot more expensive in one u.s. city. >> yeah, you're going to find out where it's going to cost you much more to cost for just one hour of parking in 2013. >> all right also ahead this morning, we have heard it before. be careful what you post online because it could come back to haunt you. and now one local college wants to make sure that their students have tasteful online profiles. we're going to tell you what they're doing to help their graduates get ready. >> and good morning, aisle mike masco. this is the abc2 app and again you can get this on the itunes store and the google play store. we have storm shield also and our interactive radar on this is showing a snowstorm possibly by the weekend. we'll talk about that coming up after this. >>> 6:38. thank you for
in springfield as soon as this week. a white house spokesman tells the chicago sun-times, president obama is urging lawmakers to approve the "religious freedom and marriage fairness act". the spokesman says if the president were still in the legislature, he would support a measure to treat all couples equally. illinois passed a law approving civil unions for same sex couples in june of last year. if you're going out to celebrate tonight. the c-t-a is offering you a safe ride home for a penny. this year, the c-t-a is partnering with "miller lite" to provide rides on buses and trains for just one cent. penny fares begin at 10 p-m tonight. continuing through four a-m on new year's day. >> they are erupting with tons of exploding fireworks as they welcomed in the new year. it was the world's first major celebration for 2013. 7 t of fireworks were set off from rooftops and barges. many of them cascading from the bridge. the pyrotechnic extravaganza was built by organize tiesorganizers. coming up next a one-hundred million dollar lawsuit is filed in connection with the newtown connecticut shoo
interesting than some white-haired old dude. it did represent fictionally what barack obama represented factually. the best of what america could be. having only emancipated slaves 100 and something years before could put as its chief executive of black man. it was better drama. >> it was a very deliberate choice. it was a story telling choice. >> it was a more interesting choice. >> trying to create stakes. the assassination would be a national catastrophe. the first african american with a chance for the white house. that is where the choice came from. >> last question. yes? >> [inaudible] i want to circle back about what you said about the saudi ambassador. you've already discussed with you think about. what control does you have over the show's going there and being translated, and maybe not the dialogue that you intended? how does that work? according to him, this is a huge influence in how we are viewed. >> it is a distribution -- what control do we have in terms of distribution? >> [inaudible] >> she is asking an artistic question. >> i sent fox has some monitoring. >> that is no
's a shock. >> this beautiful photograph. we were in the white house last wednesday. obama posed for a picture, and then we did a terrific interview. the story is by michael scheerer, white house correspondent. and i know you got -- joe, i know you predicted it. i tuned in yesterday. i think it's kind of impossible to do an alternative choice. >> there's sometimes you've got to do that. >> he's a dominant figure. you know, this couple of amazing statistics, is he the first president since fdr to win with a majority of the vote in consecutive terms. he did that, you know, against an unemployment rate that was higher than anybody has ever won against except for roosevelt, 75 years ago. and i think the -- you know, part of what our story did, michael scheerer really was the first person to write about, you know, the data crunchers in the obama campaign. but all that showed, it wasn't just about demography, but it was about how the country really has changed and really is changing. and these changes that we've talked about are here right now. i mean, this amazing statistic is that mi
right off the fiscal cliff. take a live look at the white house where president obama called the top house and senate leaders from both parties to try and hammer out a deal avoiding the tax hikes and crippling spending cuts. remember analysts say falling off the fiscal cliff could drive the u.s. into another recession. more than a month has passed since the last time they got together. the obama administration called that mid another meeting constructive but there has been little to no progress. today lawmakers on both sides of the aisle tried to strike an optimistic tone. >> millions of americans are out there struggling and certainly they deserve a congress that will avoid going over the fiscal cliff, which is why the president has been working hard to bring leaders together. >> we can't continue to kick the can down the road with half measures. i think the market will respond in a permanent and negative way to our inaction. >> the chairman of the senate finance committee says it comes down to this meeting adding i wish them luck. it would be a great new year's present for the coun
's the problem. president obama meeting with the leaders at the white house. misreporting going on that the president had a new deal, looked like progress was made. no. the president had the same deal that republicans walked away from about a week ago, if you call it a deal, the deal is that he won't tax people higher above the 400,000 mark. shibani: the meeting still going on, rich edson live at the white house with the latest details. what do we know now, rich? >> what we got from an administration official, that president obama offered what he detailed in the speech a week ago keeping tax rates where they are for families earning less than $250,000 a year, extending long term unemployment insurance policy, and that bit of detail he gave a week ago in a speech is basically derived from the larger deficit proposal offered over, really, the last couple years as president of the united states. we're waiting whether or not in the meeting, lasting an hour at the white house, started at 3:10, is whether or not they made progress towards changing that proposal in a fashion to pass th
. that happened just before 2:00 this morning. >>> negotiations will resume today at the white house on a deal to keep the country from going over the so-called fiscal cliff. president obama will meet with congressional leaders this afternoon with just four days left to reach an agreement. with time running out, it appears a deal at this point would likely include an extension of tax cuts for the middle class and a cancellation of spending cuts. an aide to senate minority leader mitch mcconnell says the republican senator is eager, quote-unquote, to hear from the president. >>> house lawmakers are heading back to washington ahead of a deal. john boehner called the house back into session for a rare sunday evening session. boehner says it's up to the senate to act. he says the house has done its part to -- it would extend existing tax cuts for all americans. >>> federal workers are told to take steps to prepare for possible furloughs if spending cuts that would be part of the fiscal cliff take effect. the office of personnel management issued new guidelines which state that employees will be gi
was at the white house when president obama had a series of businesses with small business and big business owners and all of them had the same message. we want consumer confidence to remain strong and we want certainty for our businesses and even a ceo like lloyd blankfein of goldman sachs was out there and said he doesn't want taxes to go up on anybody, but compromise is the order of the day and from congress for business leaders. >> david jackson, you mentioned the white house has the political upper hand here. do you think if a new deal is reached that they maintain the political upper hand going into january and going into february as the debt limit negotiations start? >> that's a very good question and that's something of concern for the white house. like i say, the real fear at the white house is that the economy will go back into recession and the white house will end up being blamed for this regardless of who may or may not be at fault right now. >> david nakamura and we alluded to this earlier that a lot of folks don't realize that this is a crisis that was created by congress. >> absolu
everybody, we are waiting for president obama to speak at that podium at the white house in about 9 minutes time. our own john harwood adding to the optimism by suggesting they have agreed on levels of 39.6% tax would kick in at 400,000 for a single person, $450,000 for a family. we will wait and see what obama is able to tell us at that news conference in 8 minutes time. the u.s. is now on the edge of the fiscal cliff. hours to go until the deadline and as we get closer in theory, the pentagon is getting ready to layoff quite literally thousands of employees because of the automatic spending cuts that go into effect if no deal is reached in d.c. at midnight. we have more on that fall out, hunter? >> how you doing simon? ? yes, just to flush out a little bit of what ber that was talking about, is delaying the spending cuts, down to the wire of the fiscal cliff negotiations. it is an absolute must across the potomac river at the pentagon. there would be a $55 million in spending, about 10% cut in many programs while a lot could be delayed, the most immediate contingency is notifying an estim
cliff. >>good afternoon. i'm steve >> we welcome our viewers. our top story president obama has invited the four congressional leaders to the white house this afternoon to try to salvage negotiations before need the new year's day deadline. if an agreement is not reached by then tax hikes and spending will kick in. economists say it could send the country back into recession. republicans and democrats are blaming each other for the stalemate. the democrats want to extend the bush era tax cuts for those thinking less than $250,000. >> to taxes will go up for every taxpaying american. republicans are not about to write a blank check to us because we find ourselves at the edge of the cliff. >> consistently show that a majority of americans support the president's position on tax es. >> did the shooting as the chicago at 500 homicides for the year. >> so far no comment yet. chicago police have been working hard to prevent it. the 500 happened last night. the shooting death on the west side. 40 year-old nathaniel jackson was pronounced dead just after midnight. three hours after he was
of the obama administration. she tangled with congress and even the white house itself, particularly on global warming issues. >>> the other big story tonight, a deadly storm continues to wreak havoc in the northeast this hour. and before it's even over, another storm is already forming with now 65% of the country still covered in snow. the weather channel's eric fisher is in lewiston, maine. good evening to you, eric. >> good evening, natalie. 16 people have been killed by this latest winter storm that brought everything from tornadoes to coastal flooding, hurricane-force wind gusts and nearly 2 feet of snow. certainly has brought plenty of misery for people from texas to maine. today a massive storm moved north, dumping more than a foot of snow in parts of new england. it's been a record-breaking system as it moved across the country. >> look at that tornado. >> spawning a reported 26 tornadoes across the south. and flooding along the already hard-hit east coast. the results? a travel nightmare for millions. >> we circled for over an hour before we landed, yeah. pretty rough flight coming in
haul up his white flag of surrender and roll over every time barack obama wants something. we have a huge problem. it's not our taxes. we're spending way too much money. as your previous guest was just talking about, we're hitting the debt ceiling, 16 trillion, they want to increase it to 18 trillion. by 2022, it will be 25 trillion the at some point this all comes crashing down. >> we already had the debt ceiling issue during the summer of 2011 being taken to the brink of having our credit ratings. based on the fact that neither side could politically come together. that was all in an effort to try to discredit the president so that they could get him out come november of 2012. now, that doesn't happen. the president has a wide mandate to be back in the hoff. why does the tea party not get that? >> you know obama ran on the fact that he would raise taxes. >>> more democrats were votes in. tea party members lost seats in this election. >> liberals lost seats, too. that's what happens every election. if there had been a great groundswell of effort that we have to raise taxes, we hav
are your morning headlines. president obama will meet with top congressional leaders at the white house this afternoon. 3:00 p.m. eastern in hopes of making progress on the fiscal cliff talks. in addition the house will be back in session on sunday. we've got more on all of this in a moment. while lawmakers have been preoccupied with the fiscal cliff, they've not dealt with passing a new farm bill. "the washington post" now reporting that unless one is passed by january 1st, the formula for establishing minimum milk prices would revert to the one that was in place back in 1949. the paper says that could boost milk prices more than $3 a gallon. we're going to get another read on the housing market recovery this morning. the national association of realtors is out with its pending home sales report for november. that's coming at 10:00 a.m. eastern time. looking for an increase of 1.5%. that follows a 5.2% rise in october. pending home sales, of course, a measure of home sales on home sale contracts signed but not yet out. >> a big deal. the milk. >> the milk thing could be huge. you think
in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on su
something and move the ball than doing nothing. and, yes, president obama won the white house, but the american people also elected a majority of republicans back to the house. so what we have is a divided government where one of our chambers is in republican hands, the white house and the senate is in democrat hands. that means that the message the people were sending is that they want compromise. if president obama wants to build a legacy, get things done, complicated things like immigration, not just fiscal cliff, but all things on his to-do list, it requires compromise. and if the republicans don't want to be scenes as obstructioni obstructionists, they also immediate to compromise. we have to come to the realize that the election ises past. let's put politics aside and let's he get things done. >> ana navarro, maria dough in a, thanks so much. >>> david gregory under investigation. did he violate d.c.'s gun laws on the air? jeffrey toobin joins me straight ahead. >>> an unusual police investigation here in the nation's capital. it started with this interview with a top nr
. the dow dropped 24-1/2. the s&p 500 slipped 7. nasdaq fell 22.5. president obama has been in hawaii for some holiday r&r. the republican lawmakers are likely hoping that means he is rested and ready make a deal on the fiscal cliff. however, chief white house correspondent ed henry tells us that washington may have to set with a backup plan to the backup plan. >> christmas tradition for president obama. he and first lady michelle obama saying thanks at the marine corps base hawaii. >> so many of you make sacrifices day in and day out on behalf of the freedom and behalf of the security. >> now the president is giving up some vacation time rushing back to washington aboard air force one late tonight to deal with the looming fiscal cliff. after that red eye, the president will no doubt need coffee. starbucks decided to get political in the washington, d.c., shops, by having employees write come together on cups. ceo howard schultz writing in open letter, "my hope is the simple message will serve as holiday reminder from starbuck of the spirit that bridgeed differences and we have the po
-stakes meeting at the white house. at the table, president obama and congressional leaders. the goal is to reach an agreement. but the roots of this current crisis can be traced back to the previous administration. cnn's chief business correspondent has a look at how we got here. >> now we have passed a bold package of tax relief for america's families and businesses. >> reporter: it starts more than a decade ago when president bush initiated a series of tax cuts for all americans. but it's a deal with the devil. the cuts which are politically expedient expire in ten years time. >> both houses of congress have passed a package of tax relief that will protect the middle class. >> reporter: when it came time for the cuts to expire, the u.s. is emerging from the worst e recession from the great depression. so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they are extending by 2020, the bush era tax cuts will be responsible for more than half the total national debt. democrats
and indianapolis are in the 30s. >>> to our other top story this morning. president obama is cutting his vacation short and heading back to the white house. >> he's hoping to make a last-ditch compromise with lawmakers to try to avoid that fiscal cliff. reena ninan is traveling with the president. she joins us, now, from honolulu, hawaii. reena, has there been any movement to try to reach a compromise here? >> reporter: it doesn't seem that either side -- the president or the white house has reached out to either side over this christmas break. no movement moving forward on these fiscal cliff talks. the focus will shift to the senate. they have to try to craft something together that will pass both the house and the senate. so, the burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking th
, president obama and the top lawmakers meet today at the white house on the fiscal cliff. any compromise is expected to include an extension of the middle class tax cuts with increased rates at upper incomes. spending cuts could also be canceled. ahead of those talks, plenty of blame is being spread around already. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> hopefully there's time for an agreement of some kind. >> speaker john boehner called the house back into session for a highly unusual sunday evening session just in case. >>> an unexpected consequence of the fiscal cliff stalemate could mean sticker shock at your grocery store. milk prices could soon spike to $8 a gallon. wow. congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meters will charge $
and in the white house. obama campaign adviser david axelrod. >> if we turned away from the needs of others, we align ourselves with those forces that are bringing about this suffering. >> what happened to the bully pulpit, you must take the advantage of it. >> obesity is nothing short of a public health crisis. >> little antennas told me when somebody had their own agenda. >> it would be a shame to waste it. >> i think they serve as a window to the past to what was going on with american women. >> she becomes the chief confidante. tea is the only what you can trust. >> many of the first lady's word writers, journalists, they wrote books. >> they are in many cases more interesting human beings than their husbands if only because they are not the first and foremost to find and limited by political ambition. >> fifth dolley madison loved every minute of it. misses monroe hated it. >> you cannot rule without including what woman have to contribute. >> i am doing this statement a little breathless. i think it was a little too fast, not enough change of pace. >> probably the most tragic of all of ou
conference. >> at yesterday's white house meeting, president obama did not offer negotiators anything new. he just tried to sell them on the same plan he outlined last friday, being called plan c. since the president's plan a and speaker boehner's plan b both failed to gain traction. plan c would extend middle class tax rates and we're told the senate wants to tweak exactly who counts as being in the middle class. maybe even raising the income threshold and the white house is apparently willing to go as high as 4 or $500,000 a year. plan c would expand unemployment benefits for the 2 million people set to lose them at the end of this year. it would include a small amount of spending cuts but would not touch entitlements like medicare and not deal with the debt limit right now. >> i am modestly optimistic that an agreement can be achieved. nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy are aren't adversely affected because people can't do their jobs. >> and today lawmakers are in staff level m
obama is in the christmas spirit. the white house just released this picture of the first lady answering calls from children who called norad santa tracker control center to ask about old saint nick's big trip around the globe. mrs. obama watched the progress along with children nationwide last night. with the obama family home for the holidays in hawaii we couldn't help but wish everybody a hawaiian merry christmas h morning. ♪ here we know christmas is green and bright ♪ ♪ sunshines by day and all the stars at night ♪ >> you know what's next, don't you? i this movie. >>> brianna is in hawaii right now traveling with the obama family. so merry christmas, brianna. what are the obamas doing today, i wonder. >> to you as well, carol. there's nothing on the president's public schedule so we don't know exactly what they're doing but presumably they're doing what most -- many americans will be doing on this christmas. still very early, of course, here on a oahu. it's about 4:00 a.m. local time. they will be presumably, waking up in the home that they're renting about 45 minutes from w
.b.r. >> susie: good evening everyone. i'm susie gharib. fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a whit
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